To better understand what a hash is, it’s worth discussing what are hash functions and how they work.
For instance, if we use the word “Binance” as the input value, and map it through an SHA-256 hash function, the output value (or hash) returned will be:
Note that it doesn’t matter how many times we perform this action, the output will always be the same (as long as the input doesn’t change).
Hashes are useful for verifying the validity of certain information, without revealing what the information is. In practice, hash functions may be applied to various scenarios. A few use cases include database lookups, large files analyses, and data management.
A digital currency that is secured by cryptography to work as a medium of exchange within a peer-to-peer (P...
The science of using mathematical theories and computation in order to encrypt and decrypt information.
A sequence of unambiguous instructions used for the purpose of solving a problem.